reinsure

American  

[ree-in-shoor, -shur] / ˌri ɪnˈʃʊər, -ˈʃɜr /

verb (used with object)

reinsured, reinsuring

1. to insure again.

2. Insurance. to insure under a contract by which a first insurer is relieved of part or all of the risk, which devolves upon another insurer.

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reinsure British  

/ ˌriːɪnˈʃʊə, -ʃɔː /

verb

1. to insure again

2. (of an insurer) to obtain partial or complete insurance coverage from another insurer for (a risk on which a policy has already been issued)

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Other Word Forms

• reinsurance noun
• reinsurer noun

Etymology

Origin of reinsure

First recorded in 1745–55; re- + insure

Example Sentences

The risks were reinsured with KKR-owned Global Atlantic, which then reinsured some of the long-term care liabilities with an unnamed “highly rated third-party global reinsurance partner,” according to its press release.

From The Wall Street Journal

For example, rates to reinsure U.S. property catastrophe risk jumped 50% this year as climate change takes its toll.

From Reuters

“I reinsured my neck this week, and X-rays showed a change in the vertebra,” Bass said at the time.

From Washington Post

Reinsurers, which insure the insurers, are likely to face the bulk of any claims as "high-severity exposures are typically reinsured", Fitch said.

From Reuters

A large share of losses will probably be reinsured by a global panel of reinsurers, Fitch said, adding that this will add pressure to first-half earnings.

From Reuters